SBI PO Salary 2021 In Hand For Freshers – Check Perks & Allowances A to Z Details Here!!!

0
SBI PO Salary Package 2021
SBI PO Salary Package 2021

SBI PO NET Salary 2021 Per Month Details – Check SBI Probationary Officers Salary Slip, Salary in Hands, After 11th Bipartite Settlement and Deduction in salary details: All candidates who want to apply for the post of Probationary Officers in SBI are searching for the Salary package and growth in the career. This is one of the important data to know before apply for a recruitment. As for that, we are here to provide the details regarding the salary details and career growth as a PO in SBI. Let’s explore the SBI PO Salary Slip, SBI PO Salary in Training Period and Job Profile.

SBI PO Salary Package 2021:

As per the official statement, the starting basic pay for the SBI PO is 41,960/- (with 4 advance increments) in the scale of 36000-1490/7-46430-1740/2-49910-1990/7-63840 applicable to Junior Management Grade Scale-I. The candidates who are in the position will also be eligible for Dearness Allowance (DA), House Rent Allowance (HRA)/ Lease rental, City Compensatory Allowance (C.C.A), Medical and other allowances & perquisites as per rules in force from time to time. So, that we can assume that, the SBI PO salary structure after 16 years will have a total pay of ₹63840/-.

SBI Salary Slip 2021:

However, the candidates who will be selected for this post would be provided the salary as per the following structure.

Particulars Amount
Basic Pay Rs. 41,960/-
Special Allowance Rs. 6,881/-
DA Rs. 12,701/-
Location Allowance Rs. 700/-
Learning Allowance Rs. 600/-
HRA Rs. 2,937/-
Gross Salary Rs. 65,780/-
Deduction (PF/Income Tax/Professional Tax/Pension) Rs. 12,960/-
Net Salary Rs. 52,820/-

On this table, the “Deduction” may include the following contributions and taxes.

  • PF Contribution-Rs. 4,196/-
  • Income Tax-Rs. 3,290/-
  • Professional Tax- Rs. 200/-
  • Contributory Pension Fund- Rs. 5,274/-
  • Total Deductions- Rs. 12,960/-

By calculation Net Salary (Rs. 52,820/-) for a year, they will get the amount of Rs.6,33,840/-. But when we consider, Gross Salary (Rs. 65,780/-), the candidates will get the amount of 7,89,360/-. However, they are expected to get additional salary with respect to their position and their promotion.

**To Join Latest bank Job Update WhatsApp Group**

11th Bipartite Settlement:

However, we can assume that the SBI PO Salary after the implementation of 11th bipartite settlement is likely to be higher than remuneration of other banks. Bank personnel – executives, staff, and sub-staff — will receive a 15% raise in the payslip component under the 11th Bipartite Wage Settlement, which will be effective from November 1, 2017 to October 31, 2022. Public sector banks will adopt a performance linked incentive (PLI) starting in FY21.

Job Career Growth:

The selected candidates would be given a basic understanding of banking through an online course that they must finish before joining. At the time of joining, the shortlisted candidates would be required to execute a bond in the amount of 2.00 lakh to serve the Bank for a minimum of three years. If the candidate resigns from the Bank’s service before the three-year anniversary of his or her joining date, the Bank will activate the Bond.

On joining, the selected candidates will be designated as “Probationary Officers” and may be on probation for two years. They will be subjected to continuous assessment, as per Bank’s extant policy, during the probation period. Those candidates who qualify in the assessment as per standards determined by the Bank from time to time, will be confirmed in the Service of the Bank in Junior Management Grade Scale-I (JMGS-I).

If a candidate fails to meet the basic requirements, his or her services may be terminated in accordance with the Bank’s current policy. The bank offers numerous prospects for career advancement, including postings abroad. The Bank’s appealing promotion policy allows meritorious and extraordinarily brilliant officers to advance to the Top Management Grade in a reasonable amount of time. For more details of SBI PO and other banking jobs and designation, stay connected with us. The further details can be referred by using the link provided below.

SBI PO Notification 2021

Official Site

[table id=5715 /]